Funding you earn now, next payment 06:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.016%
Price spread now: Orderly against Hyperliquid−0.168%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.168% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AXS | 1.0718 | 0.0100 | pay 0.0013% / 1h | 14m 58s | $267K | $677K | 5x |
| Short | Orderly PERP_AXS_USDC | 1.0700 | 0.0097 | get 0.0049% / 4h | 2h 14m | $3K | — | 10x |
Hyperliquid AXS
Orderly PERP_AXS_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.62
- Price spread: −0.168% → 0.000%
- −$16.79
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$32.41
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 55 min ago; Orderly: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 55 min ago | 1.40 bp | 18.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
AXS on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0580 | −1.288% | $1K | $48K | 5.5x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0723 | +0.047% | $36K | $39K | 5x | as long as short |
| BloFin AXS-USDT | +0.0097% | 4h | 1.0708 | −0.093% | $276K | $30K | 75x | as long as short |
| Orderly PERP_AXS_USDCshort | +0.0097% | 4h | 1.0700 | −0.168% | $3K | — | 10x | |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0718 | long leg | $267K | $677K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0708 | −0.091% | $73K | $15K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0708 | −0.093% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0708 | −0.093% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0702 | −0.149% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0712 | −0.056% | $848K | $830K | 50x | as long as short |
Injective AXS/USDC PERP
Lighter AXS
BloFin AXS-USDT
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0696 | −0.205% | $11.5M | $674K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0700 | −0.168% | $584K | $289K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0700 | −0.168% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0707 | −0.103% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0707 | −0.100% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0685 | −0.312% | $766K | $896K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0710 | −0.075% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0706 | −0.112% | $763 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0702 | −0.147% | $10K | $228K | 10x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0413% | 1h | 1.0717 | −0.005% | $142K | $352K | 20x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Kraken Futures PF_AXSUSD